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Entrepreneurship is among the most vibrant and important parts of the US economy. This book explores entrepreneurial dynamics, providing the first analysis of recent trends in US entrepreneurial activity. Based on the unprecedented Panel Study of Entrepreneurial Dynamics, it examines participation in new firm creation and differences in regional firm creation activity. Shedding light on the importance of new firms for job growth, productivity enhancements, innovation, and routes for social mobility, the author tracks the success or failure of entrepreneurs, including comparisons of different groups, such as women and minorities, along with different countries. All sectors of the population are making significant contributions. These and other significant implications for practitioners, educators and policy makers are discussed.
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